The year 2017 was predicted to be the year when blockchain technology is implemented in real-world production environments and move from the Proof of Concept (PoC) and theoretical stage of previous years. It is true to some extent that companies have implemented some pilot projects but large-scale production implementations are yet to be seen. It is expected that within year 2018 we will see some organization implementing full scale blockchain based projects. In 2019, it is expected that almost 20% of central banks will be using blockchain.
Note
Original research is available here https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3040224.
In years to come, this trend is only expected to grow. There are few careful predictions being made in the section that is based on the current advancement and speed of progress in the concerned field.
All of these predictions are likely to come true between the years 2020 and 2050:
- The IoT will run on multiple blockchains and will give rise to an M2M...